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Sovereign Wealth Funds Briefing - Categorized | Market

Mumtalakat signs MoU with Japanese companies

Posted on 25 March 2013

Bahrain Mumtalakat Holding Company (Mumtalakat), the investment arm of the Kingdom of Bahrain, signed a Memorandum of Understanding (MoU) with three entities in Japan in an effort to promote and revitalise Bahrain’s pearl industry. The MoU was signed as part of the Kingdom’s visit to Japan, which was led by His Royal Highness Prince Salman Bin Hamad Al-Khalifa, the Crown Prince of Bahrain, the First Deputy Prime Minister, and Chairman of the Economic Development Board.
Signatories of the MoU include, among others: Kinoshita Pearl Co., Ltd. (Kinoshita Pearl), a leading specialist company in natural and cultured pearls; First Stem Cell Japan Co., Ltd. (First Stem Cell), a biotechnology research company; and Japan International Cooperation Center (JICE). Kinoshita Pearl and First Stem Cell will be able to provide advanced new technologies and methods to determine the existence, quality and maturity of pearls. (Press Release)


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